Document Type : Original Article
Authors
1 PhD Student, Department of Economics, Isf.C., Islamic Azad University, Isfahan, Iran.
2 Assistant Professor, Department of Economics, Isf.C, Islamic Azad University, Isfahan, Iran.
3 Department of Banking and Financial Sciences, Imam Al-Kadhum College, Wassit University, Iraq.
4 Associate Professor, Department of Economics, Isf.C, Islamic Azad University, Isfahan, Iran.
Abstract
On the one hand, crony capitalism provides the basis for the use of clean technologies and, as a result, the reduction of carbon dioxide emissions by allocating funds to government-supported industries, and on the other hand, it leads to an increase in carbon dioxide emissions by weakening competitiveness and disrupting the optimal allocation of resources. This article aims to analyze the effect of crony capitalism on carbon dioxide emissions in a selection of OPEC countries during the period 1996-2023 using the PQARDL method. The results show that in the short term, crony capitalism has led to a reduction in carbon dioxide emissions in the low and middle quantiles, while in the long term, it has led to an increase in carbon dioxide emissions in the middle and upper quantiles. On the other hand, fossil fuel consumption, gross domestic product, and industrial value added have had a positive effect on carbon dioxide emissions in the short and long term. Population had no effect in the short run in all quantiles but had a positive effect on carbon dioxide emissions in the long run. The results of the Wald test show that in the long run, crony capitalism, fossil fuel consumption, GDP, and population had an asymmetric effect and industrial value added had a symmetric effect on carbon dioxide emissions, but in the short run, the effect of all independent variables on carbon dioxide emissions was symmetric.
Keywords
Main Subjects
)
Send comment about this article